Bharat Seats Limited: Income Tax Appeals Granted, Demand Reduced by ₹7.86 Crore
Bharat Seats Limited received appellate orders from the Income Tax Department reducing the demand by ₹7.86 crore for assessment years 2014-15 to 2017-18. Appeals for the remaining ₹14.57 crore for AY 2018-19 to 2024-25 are pending.
A reduction of ₹7.86 crore in tax demand has a material financial impact on the company, although further appeals are pending for a larger amount.
The company received favorable appellate orders, leading to a significant reduction in its outstanding tax demand.
Bharat Seats Limited has received appellate orders from the Income Tax Department, Office of the Commissioner of Income Tax(Appeals), Delhi. The orders, dated March 30, 2026, and received on March 31, 2026, pertain to assessment years 2014-15, 2015-16, 2016-17, and 2017-18.
As a result of these appellate orders, a demand of ₹7.86 crore related to these assessment years will be reduced to nil. Previously, the total outstanding demand as per assessment orders for AY 2014-15 to 2024-25 was ₹22.43 crore. Appeals against the balance demand of ₹14.57 crore for AY 2018-19 to AY 2024-25 are still pending before the Commissioner of Income Tax (Appeals).
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